Asteroid believes that Space is a “do-over” for humankind. The estimated value of the asteroid can be close to $10,000 quadrillion. The 226-kilometre wide asteroid is situated in the solar system's asteroid bed between Mars and Jupiter. "Since we can't examine Earth's core up-close, exploring the asteroid Psyche (about 140 miles, or 226 kilometers, wide) could give valuable insight into how our own planet and others formed," NASA had previously said in July. If all goes well, the NASA/SpaceX mission may be ready to embark on its voyage to the asteroid by 2022. Xbox One X: The world's most powerful console, now available. As well as gold, the mysterious object is loaded with heaps of platinum, iron and nikel. "But the 4-5 million ounces of gold they bring to the market every year pales in comparison to the conquests available in space." We've known about Psyche 16 for a while, but its potential to cause havoc on Earth was recently touched upon by a veteran miner. The asteroid could contain potential riches that can beat the total cost of the entire world's global economy. That means it could tell us how Earth’s core and the cores of the other terrestrial planets were formed. Dubbed the Discovery Mission, it will arrive at Psyche 16 around 2026. Our journalists strive for accuracy but on occasion we make mistakes. That means if we carried it back to Earth, it would destroy commodity prices and cause the world's economy – worth £59.5trillion – to collapse. In other news, a huge 164-foot asteroid could crash into Earth this year and flatten an area larger than London. NASA is eyeing up a nearby asteroid that contains enough gold to make everyone on Earth a billionaire. NASA is eyeing up a nearby asteroid that contains enough gold to make everyone on Earth a billionaire. However, it is NASA who evaluated the economic potential of this asteroid. By continued use, you agree to our privacy policy and accept our use of such cookies. There is an asteroid in the solar system that is unlike most asteroids scientists have ever found. Named 16 Psyche, it is believed to be the remains of an extinct planet’s heart: its metallic core. The estimated value of the asteroid can be close to $10,000 quadrillion. A truly cheap phone with 5G, Matt Lucas reveals one Great British Bake Off regret, Boris Johnson says newts are a drag on the UK’s economy. Jesy Nelson reveals orange hair as she strips to her bra for steamy snaps, Daily Covid deaths at highest for 5 months as 367 die with 22,885 more cases, Woolworths high street return is a hoax as comeback tweets are deleted, Love Island's Camilla Thurlow gives birth to a baby girl, Mums rave about B&Q’s £57 room dividers which give kids their own space, ©News Group Newspapers Limited in England No. Because we cannot see or measure Earth’s core directly, Psyche offers a unique window into the violent history of collisions and accretion that created the terrestrial planets. That's enough to make every person on Earth a millionaire. But a giant asteroid full of gold only adds a little to real wealth. We must remember, the Outer Space Treaty defines space differently than all earthly or terrestrial claims. Scott Moore, who heads up EuroSun Mining, said the sheer amount of gold in the asteroid threatens to throw the gold industry into chaos. The asteroid – known as 16 Psyche – has a mass of less than 1% of our moon and it contains heaps of platinum, iron and nickel alongside the gold. We pay for videos too. An asteroid that’s filled with gold and enough precious metals to turn everyone on Earth into a billionaire is being studied by Nasa. Arizona State University researchers say that Psyche 16 was found in 1852 by Italian astronomer Annibale de Gasparis, who named it after the ancient Greek goddess of the soul. Thus, the arrival of a giant golden asteroid would probably not cause consumer prices to go up, and would instead simply cause gold prices to crash to almost zero. "The 'Titans of Gold' now control hundreds of the best-producing properties around the world," he told Oil Price.